Which of the following statements is true regarding common law?
a. In common law countries, there are generally more statutes written into the laws.
b. In common law countries, there is less reliance on interpretation by the courts.
c. Because more details are written into U.S. law, FASB has shorter and more general accounting standards than most countries.
d. The common law system has its roots in the United Kingdom.
d
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Melisch, Inc The following information is available pertaining to the stockholders' equity accounts for Melisch, Inc Common stock, $7 par, 100,000 shares authorized $700,000 Additional paid-in capital 160,000 Retained earnings ? Treasury stock, 2,000 shares at cost (16,000) Total Stockholders' Equity $974,000 Refer to the information presented above for Melisch, Inc How many shares of common
stock are outstanding? A) 68,000 shares B) 78,000 shares C) 98,000 shares D) 100,000 shares
Conclusions and recommendations serve the same purpose
Indicate whether the statement is true or false
Carol's mother died and Carol inherited a lot of large valuable antique furniture. Carol does not have any room in her apartment for this furniture so she wants to sell it
She goes to Elite Antiques, a well-known antique store and they agree that Carol can put the furniture in their store and Elite will try to sell the furniture. If the furniture sells Elite will get 40% of the sale price and Carol will get 60%. This is an example of A) a financing lease B) a consignment C) an assignment D) a conditional sales contract E) a receivership
An individual who scores 1.0-2.0 on the Interpersonal Trust Scale believes that the best course of action is self-protection.
Answer the following statement true (T) or false (F)